Individual insurance premiums skyrocket under Obamacare

Victory lap notwithstanding Obama would not be talking about gender pay issues if Obamacare were a sterling success. The 7.1 million enrollment figure is probably bogus as a survey by the Rand Corporation puts the number at 3.9 million but no matter. Implicit in the President's boasting about the enrollment is that the enrollees are pleased with their new healthcare plans and there is good reason to think that they are not. Even if 7 million enrollees / voters were happy that number is too small to mitigate the outrage of the remainder of the insurance buying public. Morgan Stanley just released a survey of 168 healthcare brokers and the premiums for individual plans are up an average of 12%. The small group market is up by 11%.

As bad as the 12% average sounds several states experienced rate increases several times that. In Delaware it was 100%, in New Hampshire 90%, Indiana 54%, California 53%, Connecticut 45%, Michigan 36%, Florida 37%, Georgia 29%, Kentucky 29%, and Pennsylvania 28%.